Uber Technologies (NYSE:UBER) Stock Rating Upgraded by Wall Street Zen

Uber Technologies (NYSE:UBER) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research report on Wednesday. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a report on Wednesday. Guggenheim cut their target price on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday. TD Cowen increased their target price on Uber Technologies from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Mizuho began coverage on Uber Technologies in a research note on Monday, September 29th. They set an “outperform” rating and a $130.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $108.26.

Uber Technologies Trading Down 0.1%

Shares of UBER stock opened at $92.03 on Friday. The company has a market capitalization of $191.21 billion, a PE ratio of 11.83 and a beta of 1.46. Uber Technologies has a 52-week low of $59.33 and a 52-week high of $101.99. The business’s fifty day moving average is $95.46 and its 200 day moving average is $91.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.11 and a current ratio of 1.15.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. During the same period in the prior year, the company earned $1.20 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts anticipate that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $93.00, for a total transaction of $290,625.00. Following the completion of the transaction, the insider owned 172,846 shares in the company, valued at $16,074,678. This represents a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 604,946 shares of company stock worth $58,950,116 over the last three months. Corporate insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Uber Technologies by 0.7% during the third quarter. Vanguard Group Inc. now owns 190,828,841 shares of the ride-sharing company’s stock worth $18,695,502,000 after purchasing an additional 1,277,322 shares during the period. Geode Capital Management LLC raised its position in Uber Technologies by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after purchasing an additional 1,168,288 shares during the last quarter. Pershing Square Capital Management L.P. bought a new position in Uber Technologies during the 1st quarter valued at approximately $2,207,743,000. Norges Bank purchased a new stake in Uber Technologies in the 2nd quarter worth approximately $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC grew its position in shares of Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after buying an additional 19,967,705 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.